What blockchain is IOTA?

IOTA does not use the traditional blockchain design used by most cryptocurrencies . Instead, it has developed a new platform called Tangle, which uses a mathematical concept known as Directed Acyclic Graphs (DAG).

Examples of distributed ledger technology Various types of distributed ledger technology are currently in use. Blockchain, which bundles transactions into blocks that are chained together, and then broadcasts them to the nodes in the network, is the best-known type of DLT. It powers bitcoin and other cryptocurrencies .

IOTA is a distributed ledger developed to handle transactions between connected devices in the IoT ecosystem, and its cryptocurrency is known as MIOTA .